Recent 8-K filings for JVA
Highest-materiality recent filing
Coffee Holding receives Nasdaq bid-price deficiency notice; outlines merger progress and 2024 outlook
- Received Nasdaq notice on Oct 30, 2023 for failing $1 minimum bid price; 180 days to regain compliance by April 29, 2024.
- CEO expects 18–25% revenue growth in 2024 driven by new large national and regional grocery chains along with improved Café Caribe sales.
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Coffee Holding Q2 net income falls 59% to $262K; sales down 5.1% to $22.1M
Q2 net sales $22.13M (-5.1% YoY); net income $262K ($0.05 EPS) vs $644K ($0.11 EPS) LY.
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Coffee Holding Q1 revenue up 20% to $25.6M; EPS $0.29 vs $0.20
Revenue $25.566M, +20% YoY from $21.305M in Q1 FY2025.
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Coffee Holding extends revolving credit facility maturity to Dec 28, 2026
Entered Twelfth Loan Modification with Webster Bank, extending maturity from prior date to December 28, 2026.
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CEO Andrew Gordon salary cut to $80k, gets $1.6M retention bonus if employed through 2030
Base salary reduced from $325,000 to $80,000 per annum effective Feb 1, 2026.
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Coffee Holding FY2025 sales up 23% to $96.3M but EPS drops to $0.25; declares $0.08 dividend
Sales $96.3M (+23% YoY); net income $0.25/share vs $0.39 in FY2024.
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Coffee Holding Co. say-on-pay fails at annual meeting; directors elected
Advisory executive compensation proposal not approved: 1.02M for, 1.64M against.
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Coffee Holding to close North Andover, MA facility; expects annual savings of $700k
Company to close Comfort Foods North Andover, MA manufacturing facility at end of October 2025.
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Coffee Holding Q3 net sales up 27% to $23.9M; net loss of $1.19M on derivative losses
Net sales $23.9M vs $18.8M (+27% YoY); net loss $1.19M vs prior year profit.
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Coffee Holding Q2 EPS $0.11 vs slight loss last year; revenue up 22%; resumes annual dividend
EPS of $0.11 per share vs slight loss in Q2 2024; revenue up 22% YoY.
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Coffee Holding Q1 EPS $0.20 vs $0.06 YoY; revenue up 9%
EPS of $0.20 per share for quarter ended Jan 31, 2025, compared to $0.06 in prior-year period.
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Coffee Holding Co. replaces auditor Marcum with CBIZ CPAs after Marcum acquisition
Marcum resigned Feb 26, 2025 due to CBIZ CPAs acquiring its attest business; new auditor is CBIZ CPAs P.C.
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Coffee Holding posts FY2024 net income of $2.2M vs loss; sales up 15% YoY
Net income $2.245M ($0.39 per share) vs net loss of $0.836M (-$0.15) in FY2023.
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Coffee Holding buys Empire Coffee assets for $800k; creates Second Empire subsidiary
Paid $800k for Empire's inventory, equipment, AR, customer list, and IP; paid Nov 7, 2024.
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Coffee Holding stockholders re-elect all directors, ratify auditor, approve say-on-pay
Andrew Gordon, Daniel Dwyer, Barry Knepper re-elected with 2,336,020, 2,737,747, and 2,162,298 votes for, respectively.
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Coffee Holding Q3 net income $0.11/share vs loss of $0.02; sales up 19% to $18.8M
Net sales $18.8M, +19% YoY; gross margin improved to 20.9% from 15.5%.
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Coffee Holding extends loan maturity to June 2025, cuts facility to $10M
New maturity date of June 29, 2025; maximum facility reduced from prior level to $10,000,000.
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Coffee Holding terminates merger with Delta Corp; moves forward as independent company
Terminated Merger Agreement with Delta Corp Holdings Limited, originally announced Sept 2022; no early termination penalties.
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Coffee Holding shareholders approve adjournment of special meeting for merger vote
Shareholders voted FOR adjournment: 2,263,373 FOR; 1,179,408 AGAINST; 46,151 ABSTAIN.
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Special Meeting on business combination and Merger Agreement adjourned to April 1, 2024 at 12:00 p.m. ET.
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Coffee Holding (JVA) F-4 for Delta merger declared effective; shareholder vote March 28
SEC declared Form F-4 effective for Coffee's merger with Delta on March 6, 2024.
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Coffee Holding extends merger outside date with Delta Corp to April 1, 2024
Amendment No. 2 to Merger and Share Exchange Agreement extends Outside Date from Dec 31, 2023 to Apr 1, 2024.
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Delta Corp awarded $34M multimodal logistics park in Nagpur; sees phase 1 EBITDA ~$22M/yr
Delta awarded 45-year concession to build and operate 150-acre multimodal logistics park in Nagpur, India.
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Received Nasdaq notice on Oct 30, 2023 for failing $1 minimum bid price; 180 days to regain compliance by April 29, 2024.
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David Gordon and John Rotelli elected to three-year director terms; Gordon received 2,243,979 for, 642,087 withheld; Rotelli received 1,991,587 for, 894,479 withheld
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Coffee Holding (JVA) files F-4 for merger with Delta; Delta shareholders to become majority owners
Registration statement on Form F-4 filed with SEC for proposed business combination between Coffee Holding and Delta.
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Coffee Holding furnishes presentation on Delta Corp merger; no new specifics disclosed
JVA provided a company presentation regarding the proposed business combination with Delta Corp Holdings.
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Coffee Holding sets 2023 annual meeting for Oct 27; reduces quorum to one-third
Bylaw amendment reduces quorum for stockholder meetings from majority to one-third of voting power.
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Coffee Holding extends merger with Delta to Dec 31, 2023; Delta closes $15M revolver
Amendment No. 1 extends Outside Date of merger from June 29, 2023 to December 31, 2023.
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Coffee Holding (JVA) and Delta submit draft F-4 for proposed merger
Coffee Holding (JVA) and Delta Corp Holdings confidentially submitted a draft registration statement on Form F-4 to the SEC.
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Coffee Holding provides update on pending merger with Delta Corp; no new financial details
Proposed business combination with Delta Corp Holdings, originally announced Sept 29, 2022, remains pending.
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Coffee Holding receives Nasdaq deficiency notice for late 10-K and 10-Q filings
Received notice on March 21, 2023 for failure to file 10-K (Oct 31, 2022) and 10-Q (Jan 31, 2023).
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Coffee Holding amends loan agreement with Webster Bank to waive defaults
Ninth Loan Modification Agreement signed March 15, 2023 with Webster Bank.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.80 · Median 0.60 · Most common event other_material